Tesla Elon Musk Insider buys $ 1 billion

Tesla The shares jumped after CEO Elon Musk revealed on Monday his first purchase stock in the open market since February 2020.

Musk bought 2.57 million shares at various prices on Friday, which raises about $ 1 billion, which is a significant acquisition of insiders, which traders have accepted as confidence from the Open CEO.

Tesla shares were higher by 8% on Monday morning. They closed on Friday just below 2025, despite the recent rally, the stock has increased by more than 25%over the last 3 months.

According to Verity, similar purchases are rare so that Musk is last buying about 200,000 shares worth about $ 10 million, according to Verity. According to Verity, this is his biggest purchase.

The company said earlier this month that she asks shareholders to approve New Payment Package For musk, which can cost up to $ 975 billion based on various ambitious stages. About 13% Tesla owned Musk’s purchases on Friday.

This year, Tesla shares were weighed, reducing sales, partly related to Moscow’s political activity, causing harm to the brands, as well as the end of some incentives for the Trump administration.

Analysts are torn down in stocks for the cost of consensus on Wall Rate, which requires approximately 20% decrease from here, reports tipranks.com. Although many of the long -term perspectives are optimistic if Musk can remove the company’s transformation to focus more on autonomous management, II and robotics. The CEO wants the shareholders to approve Tesla’s investment in their latest XAI company.

Insider purchase “is a huge sign of confidence in Tesla Bulls and shows that Musk will double at its Tesla Ai rate,” said Dan Jus, head of Global Tech Research in Wedbush.

In November, the package shareholders will vote in November, which has a final market value of 8.5 trillion. The action cost 1.3 trillion. Dollars on Friday.